Ethiopia government bonds
Ethiopia's bonds as US funds mark them in their filings (SEC Form N-PORT), by currency. Fund marks as of Jul 2026; they lag the market by about two months.
By currency
| Bonds | Measured against | Count | Spread | 10-year spread | Priced-in 5y odds | 1-month change | Median yield | Held by US funds |
|---|---|---|---|---|---|---|---|---|
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 2 | n/a | — | — | — | — | $206.3M |
Priced-in odds = spread ÷ (1 − 40% recovery) over five years; it includes a risk premium and overstates actual defaults. Own-currency bonds get a yield and no odds: a government can print its own currency.
USD spread history
Median spread vs US Treasuries, month-ends with complete filings. Fund-reported.
Who holds Ethiopia's debt
Fund series holding Ethiopia's government and government-related bonds in their latest quarterly report: 36 now, 35 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 1 | $78.0M | $84.4M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 2 | $57.9M | $62.7M |
| Global Macro Portfolio | 2026-07-31 | 1 | $24.4M | $26.3M |
| Emerging Markets Local Income Portfolio | 2026-07-31 | 2 | $14.0M | $15.2M |
| Western Asset Emerging Markets Debt Fund Inc. | 2026-06-30 | 1 | $6.3M | $6.9M |
| Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 2026-07-31 | 2 | $4.7M | $5.1M |
| Franklin Emerging Market Debt Opportunities Fund | 2026-07-31 | 2 | $3.3M | $3.6M |
| iShares Flexible Income Active ETF | 2026-07-31 | 1 | $3.3M | $3.5M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $2.5M | $2.6M |
| Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $2.3M | $2.5M |
| MORGAN STANLEY EMERGING MARKETS DEBT FUND INC | 2026-06-30 | 1 | $2.0M | $2.2M |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.0M | $2.2M |
| Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $1.9M | $2.0M |
| Western Asset Management Strategic Bond Opportunities Portfolio | 2026-06-30 | 1 | $1.5M | $1.6M |
| Emerging Markets Debt Portfolio | 2026-06-30 | 1 | $1.3M | $1.5M |
| NYLIM Candriam Emerging Markets Debt Fund | 2026-07-31 | 1 | $1.1M | $1.1M |
| Eaton Vance Ltd Duration Income Fund | 2026-06-30 | 1 | $974K | $1.1M |
| Virtus Newfleet Multi-Sector Short Term Bond Fund | 2026-06-30 | 1 | $890K | $966K |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 1 | $825K | $867K |
| Neuberger Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $600K | $647K |
ETFs holding Ethiopia's bonds
From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Value | % of net assets |
|---|---|---|---|---|
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $2.5M | 0.21% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.2M | 0.26% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $2.0M | 0.04% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $469K | 0.11% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $77K | 0.02% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 1 | $13K | 0.03% |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.